Power Finance Corporation Limited (PFC) reported a net profit of Rs 72.15 billion for the quarter ending September 2024, an 8.86 per cent increase from Rs 66.28 billion in the same quarter last year.Â
The company’s total income also rose by 15.04 per cent, reaching Rs 257.55 billion compared to Rs 223.87 billion in the previous year’s corresponding period.
North Shore Community Health (NSCH), based in Massachusetts, has signed a two-year renewable energy agreement with ENGIE Resources, a subsidiary of ENGIE North America. The agreement ensures NSCH will receive renewable energy credits (RECs) to match 100% of the forecasted energy consumption across its three locations in Salem, Peabody, and Gloucester. NSCH, a federally qualified…
Vedanta Group’s Serentica Global has announced plans to develop renewable energy projects totalling 10 GW in Andhra Pradesh. Company officials shared their plans with Nara Lokesh, the State Minister for Education, IT, and Electronics. The Minister highlighted Andhra Pradesh’s goal of achieving 72 GW of renewable energy capacity by 2030 and invited corporations and investors…
Ørsted has agreed to sell a 50% stake in its Greater Changhua 4 offshore wind farm in Taiwan to Cathay Life Insurance (CLI) and its affiliate Cathay Wind Power Holdings. The deal, valued at DKr11.6 billion ($1.6 billion), includes 50% ownership and an equal commitment to fund engineering, procurement, and construction (EPC) payments. The transaction,…
Nearly 5,407 cases involving India’s power sector are pending across judicial forums, the Appellate Tribunal for Electricity (APTEL) and the Central Electricity Regulatory Commission (CERC), while the government has said it has not quantified the overall financial and operational impact of the unresolved litigation. The Ministry of Power disclosed the figures in the Lok Sabha…
H.G. Infra Engineering Limited has formed a wholly owned subsidiary, H.G. Banaskantha Bess Private Limited, for the battery energy storage systems (BESS) sector. Incorporated on December 3, 2024, with an authorized capital of Rs 15 million, the Rajasthan-based subsidiary aims to specialize in BESS. The establishment of H.G. Banaskantha Bess follows H.G. Infra’s recent Letter…
Power Grid Corporation of India Limited (PGCIL) received the Letter of Intent (LoI) for two Interstate Transmission System (ISTS) projects under the Tariff Based Competitive Bidding (TBCB) route on January 6, 2025. These projects are on a Build, Own, Operate, and Transfer (BOOT) basis: Augmentation of transformation capacity at KPS1 (GIS) and KPS2 (GIS) (Phase-V…